Published Mon, May 19, 2025 · 10:28 PM
[HONG KONG] Taiwan’s Foxconn, the main manufacturer of Apple’s iPhones, will inject US$1.5 billion into its India unit as production shifts away from China.
The company said in an exchange filing on Monday (May 19) that it had made the investment through its Singaporean subsidiary. Foxconn, which is building new plants and adding production capacity in southern India, did not immediately respond to an emailed request for comment.
Apple is looking to import most of the iPhones it sells in the US from India by the end of next year, drawing the wrath of US President Donald Trump, who said last week he had asked Apple chief executive officer Tim Cook to stop building plants there.
Trump’s comments accelerate a shift beyond China to mitigate risks related to tariffs and geopolitical tensions. Apple makes most of its iPhones in China and has no smartphone production in the US – though it has promised to hire more workers at home and pledged to spend US$500 billion domestically over the next four years.
Foxconn is also increasing its investments in the US to mitigate geopolitical risks such as the impact of further tariffs.
The bulk of India-made iPhones are assembled at Foxconn’s factory in southern India. Tata Group’s electronics manufacturing arm, which bought Wistron’s local business and runs Pegatron’s operations in India, is another key supplier.
Apple assembled US$22 billion worth of iPhones in India in the 12 months through March, increasing production by nearly 60 per cent over the previous year. BLOOMBERG
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